Ethereum Classic (ETC) is a cryptocurrency launched in July 2016 as a hard fork of Ethereum (ETH). The Ethereum Classic platform hosts different decentralized applications (DApps) and smart contracts. ETC has managed to grow steadily over the years. It showed a steep price hike in the first half of 2021.

As a result, investors are very interested in the future performance of this coin. Will it gain more value in the coming years? Should you invest in ETC? Find it out in our Ethereum Classic price prediction.

Coin Name	Ethereum Classic
Coin Symbol	ETC
Total Supply	210,701,000
Official website	https://ethereumclassic.org/
Based on	Ethereum Fork
Launched	2016
All-time high	$176.17

History of Ethereum Classic (ETC)

The original Ethereum blockchain split because of a disagreement among participants on how to respond to a hack that ended up with the theft of 3.6 million ETH coins (equivalent to $55 million) in June 2016.

The Ethereum leadership decided to roll the blockchain back to a point before the hack. In this way, the stolen funds would be restored. Some developers and community members disagreed with that move. They saw it as a violation of the principles of decentralized cryptocurrencies. Therefore, the Ethereum community split.

Since its creation in July 2016, Ethereum Classic has strived to differentiate itself from Ethereum. Technically, Ethereum Classic and Ethereum are more and more different as time passes by. The Ethereum blockchain has been updated and is moving toward the so-called Ethereum 2.0. The biggest of these updates is the adoption of proof-of-stake (PoS) instead of proof-of-work (PoW) validation.

For its part, Ethereum Classic doesn’t have plans to abandon PoW. Unlike Ethereum, Ethereum Classic doesn’t have an official team of developers. Instead, several groups of voluntary programmers work on updating the source code.

In January 2019, the Ethereum Classic blockchain was the victim of a 51% attack. This attack resulted in the double spend of the equivalent of $1 million in ETC coins on Coinbase, a major crypto exchange. As a result, Coinbase and other exchanges ceased all transactions involving ETC. The price of this coin dropped as a consequence.

Despite this incident, Ethereum Classic continued to grow in the long term. At the beginning of 2021, the ETC price began to show an upward trend, which led to an all-time high on May 6, 2021. Ethereum Classic has generated a lot of interest since this steep price hike.

How Is Ethereum Classic Different from Other Cryptocurrencies?

Ethereum Classic is the oldest blockchain-based decentralized cryptocurrency platform to run smart contracts. It is not the most popular one though. Ethereum is the most popular smart contract platform. However, the Ethereum Classic community is often recognized for staying true to the principles of decentralized cryptocurrencies. By opposing the restoration of funds stolen during the hack of June 2016, the Ethereum Classic community stood by fungibility and immutability.

What Can Ethereum Classic Be Used For?

The Ethereum Classic network can be used to run smart contracts. It can also host DApps. Its native token, ETC, stores value and can be traded for fiat money or other cryptocurrencies. On LetsExchange.io, you can swap ETC for over 260 other coins and tokens.

Ethereum Classic (ETC) Price Analysis

An ETC coin was worth less than $1 when this cryptocurrency was launched in July 2016. Following its launch, ETC hit its all-time low on July 25, 2016, at $0.4524. By the end of 2016, the coin had a value of over $1. Ethereum Classic grew fast during 2017. By May 2017, each ETC coin was traded at more than $7. By the end of that month, it surpassed the $20 mark and remained around that value for several months.

By September 2017, the bullish run of this coin slowed down. Its price dropped and it was traded at $10-$12 the next couple of months. In November, this coin had a new rally that sent its price to more than $40 by the end of 2017. It set an all-time high on December 21, 2017, when an ETC coin had a price of $47.77.

The bullish run continued through February 2018. But soon after, the price of ETC dropped. For the next six months, its price fluctuated between $15 and $20. Then, the coin entered a downward trend. By early 2019, its price was below $5. There were no significant changes during the rest of 2019.

At the beginning of February 2020, the ETC price was briefly over $12. However, for the rest of 2020, its price fluctuated between $4 and $7. At the beginning of 2021, ETC showed signs of an upward trend. The coin quickly gained value again and, on May 6, 2021, it set a new all-time high at $176.16. Two weeks later, the ETC price dropped to $69.73. For the next months and until October 2021, the price of this coin has remained mostly over $50.

What Affects the Growth of Ethereum Classic

The future of Ethereum Classic depends on its ability to attract more users. At the moment, Ethereum is the most popular platform to run smart contracts and host DApps. Ethereum Classic has the technical capabilities to perform these functions. If Ethereum Classic offered some added value, many more users would migrate to this platform. If that happened, the ETC price would increase.

How to Obtain ETC?

If you are interested in adding this cryptocurrency to your investment portfolio, there are a few ways to do it.

Mining. As long as the Ethereum Classic network uses PoW validation, you can mine this coin. Since the network already suffered a 51% attack, the rewards to miners have been increasing as the network grows. Higher rewards incentivize more users to join as miners. The more miners the network has, the more secure it will be.
Buying from a custodial exchange. Most major exchanges list ETC. You can buy this coin using fiat money without any problems.
Swapping cryptocurrencies. If you already hold other cryptocurrencies, you can swap them to get ETC coins. You can use a crypto-to-crypto exchange like LetsExchange.io. Our platform supports over 5,000 coins and tokens. Hence, you surely will be able to swap some of your crypto holdings to get Ethereum Classic.

Ethereum Classic Price Prediction 2025

Most analysts agree that the price of ETC will surpass the $90 mark in 2025. On average, ETC will trade at $115.05. However, this cryptocurrency could sell at a maximum of $127.39. The minimum ETC price in 2025 will be $93.84.

Ethereum Classic Price Prediction 2030

What will the price of ETC be in 2030? It is difficult to predict it accurately. However, by the end of the decade, each ETC coin could be worth $284-70 on average. Notice that long-term price predictions for any cryptocurrency may be wrong in the end. Therefore, it is best to keep track of price variations to determine whether you should hold your ETC coins for such a long time.

ETC Price Prediction

Year	Minimum Price	Average Price	Maximum Price
2022	$23.46	$31.93	$39.96
2023	$43.21	$55.37	$61.35
2024	$63.31	$74.32	$86.49
2025	$93.84	$115.05	$127.39
2026	$129.71	$141.95	$163.48
2027	$165.53	$179.97	$187.08
2028	$190.49	$209.49	$221.84
2029	$225.27	$248.75	$262.37
2030	$266.15	$284.70	$315.63

Conclusion: Should You Invest in Ethereum Classic?

Yes, you probably should. The excellent performance of this coin during 2021 has restarted the enthusiasm for this cryptocurrency. As seen from our price forecast, the bullish run that began this year will likely continue for several years to come. However, it is you that ultimately decides whether you should add ETC to your investment portfolio.

FAQ

What Are the Advantages of Ethereum Classic?

In comparison to Ethereum, Ethereum Classic doesn’t offer much new. However, with its “Code is Law” philosophy, you are guaranteed the integrity of all your operations on this blockchain. All operations on Ethereum Classic are genuinely decentralized.

Is Ethereum Classic a Good Investment?

It probably is. This cryptocurrency has shown an excellent performance in 2021. Experts expect the coin to continue gaining value during the next few years.

Can ETC Be Mined?

Since ETC utilizes PoW validation, you can mine it using the proper hardware and software.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.